India CEOs of 12 banks form pressure group within IBA.
IPO-bound mobility platform Ola, said it has successfully raised $500 million via a Term Loan B (TLB) from marquee international institutional investors. This term loan has no impact on the valuation of Bhavish Aggarwal-led Ola. The Bengaluru-based firm recently raised $139 million. This is part of a $1 billion funding round for which the company is in talks with investors, increasing its valuation to about $7.5 billion, according to the sources.
Sandeep Dasgupta of Deutsche Bank believes that Bank of Japan's rate stance has been along expected lines. Dasgupta does not expect Bank of Japan to up rates before Q4CY06, early 2007.\n
It was a case of 'buy on hopes and sell on news' as the Indian market posted only modest gains despite a landslide victory to Narendra Modi-led Bharatiya Janata Party (BJP).
The overseas drive of the group has been accompanied by a change in Tata, the person, too
S Ramadorai, Tata Consultancy Services CEO, been selected the Business India Businessman of the Year 2004.
Balgopal Athavale was startled that the day after his new business was registered, he was flooded with offers from various service providers. 'How did they know what only my wife and I knew?' he asks.
Factbox on Fiji's Vijay Singh, who replaced Tiger Woods as world number one after winning the Deutsche Bank Championship on Monday.
The Reserve Bank of India (RBI) is precariously balancing two opposing objectives - maintaining easy financial condition in the domestic market, while ensuring external stability - and economists have started taking note. They say India is going through the classic trilemma of the 'Impossible Trinity'. The RBI cannot have an independent monetary policy (setting domestic interest rates) in an environment of an open capital account and flexible exchange rates. What is even more complicated for the central bank now is that financial market stability overlays all the other three objectives.
Clients are seen realigning their tech strategy by moving works from own captives to third-party service providers which is mostly benefiting to large companies such as Infosys, TCS, Wipro or HCL Technologies.
Infosys Technologies will seek shareholders' nod for the sponsored Amercian Depository Shares issue at its extraordinary general meeting scheduled on December 18.\n
Eighteen multi-national companies have been slapped show cause notices for alleged violation of Foreign Exchange Regulations involving over Rs 170 crore.
Interest rate sensitive stocks gain ground post decision
Top global brands such as Goldman Sachs, Deutsche Bank, Microsoft, Facebook and Texas Instruments visited the campus.
India can attain a higher GDP growth of 7-8 per cent annually to become the third largest economy after the US and China by 2020
The rupee will be a key determinant for stock markets.
Vijay Singh kept up his form when an eight-under-par 64 gave him a three-shot lead after an incomplete first round.
Arjun Atwal carded a one-under 70 on the opening day of the Deutsche Bank Championship.
The country's largest refiner Indian Oil Corp is planning an initial public offer of its Sri Lankan subsidiary Lanka IOC by June this year to raise between $20-25 million.
Deutsche Bank could be the next to trim its retail operations.
Banks seems to be upset over RBI's move over rate cut.
Oil prices bounced higher on Tuesday as the market focused on Iraqi threats of retaliation against any US-led attack and as US President George W Bush prepared to address the nation.
Today, they can't meet even the piffling capital norm set by Mint Road - Rs 5 crore for partnerships and Rs 10 crore for public and private firms in this line of business. Bulk of the trades are put through e-platform offerings of Reuters, Bloomberg, JPMorgan, Barclays or Deutsche Bank. And they have the web-based FXall, FXconnect, Atriax, Hotspotfx and LavaFX for company.
The Fijian took a step closer to gaining the world number one ranking by extending his lead to three shots over Tiger Woods in the third round of the $5 million Deutsche Bank Championship.
